By OGJ editors
HOUSTON, Mar. 9 – Congo (Brazzaville) formally approved new fiscal terms for the production sharing contract on the Mer Profonde Sud license and Azurite field.
The amendment gives the contractor group a larger net entitlement share of Azurite field revenues retroactively to Oct. 1, 2010, said PA Resources AB, Stockholm. The amendment received parliament’s approval and was sanctioned by a presidential decree.
Murphy West Africa Ltd. is operator with 50% interest, PA Resources has 35%, and Soc. Nat. Petroles du Congo has 15%.
Photo from OKEA.
Rendering from Cedar LNG.
